Chief of South Korea’s Korea Electric Power Corp. (KEPCO) Cheong Seung-il met with Turkiye’s energy minister, Fatih Donmez, on Monday and presented the proposal regarding the construction of four nuclear reactors capable of providing 1,400 megawatts of electricity in the northern part of the country, according to the company.

The two sides have been in talks about the project, which is forecast to be worth about 40 trillion won (US$32.55 billion), and the Turkish government in December last year asked KEPCO to submit a proposal.